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    5123 N Royale Dr Traverse City, MI 49684

    For Sale
    $1,499,000

    Medical/Dental,Office Building - Traverse City, MI

    Property size:
    11,486 SF
    Lot size:
    1.20 Acres
    Days on Market:
    365
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 5123 N Royale Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Office
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Parking
    20
    Basement Y/N
    1
    Size
    11,486 SF
    Lot size
    1.20 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    Five Star Real Estate - Front St TC (231) 778-1200 [email protected]

    Listing agent Sam Abood (231) 778-1200

    Listing date Dec 16, 2024

    MLS# 1929654 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Traverse City Medical/Office Building

    This 11,486 square foot medical/office building is located in Traverse City, MI. The main level comprises 6,187 square feet, while the walkout lower level offers 5,299 square feet. The lower level features a large, open area with picture windows that provide natural light, making it suitable for physical therapy, patient assessments, and gym-related activities. The property has many individual offices of various sizes. A current tenant occupies the lower level (some lab space) and approximately two-thirds of the main floor on a month-to-month basis. The owner uses approximately one-third of the main floor and shared common areas. The owner is open to a leaseback arrangement, or a buyer could use the entire building if needed. Situated on a 1.2-acre lot, the property is close to Munson Hospital and surrounded by a variety of medical practices. The property is zoned for office use.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.652371
    Latitude
    44.761093

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    FAQs

    What type of property is this?
    Medical office - 11,486 SF medical/office building near Munson Hospital.
    Where is this medical office located?
    The property is located at 5123 N Royale Dr Traverse City, MI.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Prime location near Munson Hospital and other medical practices.; - Versatile space with 11,486 sq ft including a 6,187 sq ft main level and a 5,299 sq ft walkout lower level.; - Flexible occupancy: Owner leaseback negotiable or buyer can occupy the entire building.
    (231) 778-1200
    Request Owner's contact information
    5123 N Royale Dr Traverse City, MI 49684
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5123 N Royale Dr Traverse City, MI 49684
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